Now, my Lords, it won’t surprise you that whenever I, and other bishops, have spoken about these things in the last ten years, as we frequently have done, we have been met with a chorus of protest telling us that we don’t understand how the world works, that people who borrow money must learn that they have to pay it back, that the borrowers were wicked or irresponsible or incompetent, and that any debt relief will only be siphoned off to fund yet more extravagance on the part of the few. But the events of the last four months have demonstrated beyond any cavil that this excuse always was threadbare and can never be used again. The sight of governments, including our own, bailing out banks, and the sight of at least one bank being refloated in such a way as to allow large bonuses and payouts to shareholders to proceed unchecked; the sight of the American government bailing out the car manufacturing industries with loans taken from the funds supposedly earmarked for ecologically important design improvements; all this looks to the ordinary person in the street, and to the ordinary bishop on the bench, like the very rich doing for the very rich what they have refused to do for the very poor. (Emphasis added)
Does it need a theologian in the stature of the bishop of Durham to observe such unfairness? Duh~ Of course.